Anavex Life Sciences Corp (AVXL)

[Gator328]

Yes. Buffett rarely averages down. He does his research and buys when he feels the price is fair, then holds. If some macroeconomic shock occurs like the recession he will average down. What he doesn’t do is follow every tick or post on message boards. Or buy biotech because, as I said, the risk of failure across the board is so incredibly high no matter how much research is done or how good a drug looks in phase 1 or 2.